Summary

Fiberglass Tanks Market Size
The global fiberglass tanksmarket size was valued at $2.86 billion in 2025 and is projected to reach $4.30 billion by 2030, growing at a CAGR of 7.0% during the forecast period.

Fiberglass Tanks Market Dynamics
• The fiberglass tanksmarket is expected to witness significant growth in the future due to the increasing demand for lightweight and durable storage solutions, high prevention of corrosion and structural durability, and shift from traditional materials like steel and concrete to fiberglass in storage applications. However, the higher initial costs, vulnerability to cracking and leaking due to thinner walls, and raw material price volatility affecting production costs are restraining the growth of the market.

• Furthermore, growth in emerging markets and industrial sectors requiring storage solutions, increasing penetration of fiberglass tanks in existing applications, and technological advancements enhancing fiberglass tank manufacturing are the key trends propelling the fiberglass tanksmarket.

Increasing Demand for Lightweight and Durable Storage Solutions is Driving the Fiberglass Tanks Market
The increasing demand for lightweight and durable storage solutions is significantly impacting the fiberglass tanksmarket, driven by various industries and initiatives.
• For instance, the North American region is experiencing robust growth due to its strong industrial infrastructure and stringent regulatory frameworks that promote safe storage solutions.
• Companies like PPG Industries and Enduro Composites are capitalizing on this demand by offering advanced fiberglass tanks that meet environmental safety standards, thereby enhancing their market presence.
• In Asia Pacific, rapid industrialization and infrastructure development are propelling the fiberglass tanks market, with companies such as Composite Technology Development, Inc. and Faber Industries Inc. expanding their operations to meet the growing needs in sectors like chemical processing and oil and gas.
• Government initiatives aimed at modernization and economic growth are further supporting this trend, as seen in various infrastructure projects that require reliable and long-lasting storage solutions.
Additionally, the launch of innovative products, such as carbon fiber composite tanks, is addressing the need for superior performance in demanding applications. These advancements not only enhance the durability and corrosion resistance of storage solutions but also align with the increasing focus on sustainability and environmental compliance in industries worldwide.

Fiberglass Tanks Market Overview
Fiberglass tanks, composed of fiberglass reinforced plastic (FRP), offer numerous advantages that can significantly benefit companies across various industries. One of the primary benefits is their exceptional durability and chemical resistance, making them ideal for storing a wide range of substances, including corrosive chemicals and agricultural fertilizers. Unlike traditional materials like steel or polyethylene, fiberglass tanks are watertight and do not require onsite sealing, which minimizes the risk of leaks and contamination. This feature not only protects the stored products but also safeguards the surrounding environment, reducing potential cleanup costs and liability issues.

Companies can also capitalize on the low maintenance requirements of fiberglass tanks, as their smooth interior surfaces prevent the buildup of residues, leading to less frequent cleaning and lower operational downtime. Additionally, the lightweight nature of fiberglass facilitates easier installation and transportation, which can translate into cost savings. The ability to customize these tanks to specific operational needs further enhances their appeal, allowing businesses to optimize storage solutions according to their unique requirements.

By Resin Type, the Polyester ResinSegment is projected to be the Largest Segment in the Fiberglass Tanks Market
Polyester resin is the largest segment in the fiberglass tanksmarket, driven by its cost-effectiveness and suitability for various applications, particularly in agriculture and chemical storage. Polyester resin tanks are favored for their UV resistance and chemical durability, making them ideal for storing harsh substances like fertilizers and pesticides.
• For example, in 2023, the market for fiberglass tanks was valued at approximately USD 2.5 billion, with polyester resin dominating this segment due to its affordability and adequate performance across many storage needs.
• Companies such as Enduro Composites and PPG Industries have been pivotal in promoting polyester resin tanks, offering products that meet the rigorous demands of industries like oil and gas, where over 482 active utilities are projected in the U.S. by 2024.
Additionally, government initiatives aimed at modernizing infrastructure, particularly in water treatment and environmental safety, are further driving the adoption of polyester resin tanks. As industries increasingly seek reliable and durable storage solutions, the polyester resin segment is expected to continue its growth trajectory, supported by ongoing product innovations and strategic investments from leading manufacturers.

By Geography, Asia-Pacific Holds the Largest Share in the Market Revenue
Asia-Pacific holds the largest share of the fiberglass tanksmarket, driven by rapid industrialization, infrastructure development, and a growing focus on environmental sustainability.
• Countries like China and India are at the forefront of this trend, with China being the world's largest exporter of fiberglass tanks, shipping approximately 1,900 units to 318 buyers in 2022.
The Chinese government has initiated large-scale industrial projects, including the construction of new chemical processing and water treatment plants, which has significantly increased the need for durable and corrosion-resistant fiberglass tanks.
• For instance, the fiberglass tanks market in Asia-Pacific is projected to reach approximately $1.34 billion by 2027, reflecting a strong growth trajectory fueled by these developments.
• In India, the fiberglass market was valued at around $294.8 million in 2022 and is expected to grow to approximately $1.655 billion by 2030, driven by similar industrial expansions and modernization efforts.
• Additionally, companies like Enduro Composites and Composite Technology Development, Inc. are actively participating in this market by introducing innovative fiberglass tank solutions tailored to meet the specific needs of various sectors, including oil and gas, chemical processing, and agricultural applications.
This combination of government initiatives, industrial growth, and product innovation is propelling the fiberglass tanks market forward in the Asia-Pacific region.

Key Target Audience:
• Manufacturers
• Environmental Agencies
• End Users
• Distributors and Retailers
• Regulatory Bodies

List of the Key Players Profiled in the Report Includes:
• ZCL Composites
• Enduro Composites
• Composite Technology Development, Inc.
• LF Manufacturing
• PPG Industries, Inc.
• Amiblu Holding GmbH
• EPP Composites
• Granby Industries
• Xerxes Corporation
• National Oilwell Varco
• Hengrun Group Co., Ltd

Recent Developments:
• In September 2023, PPG Industries, Inc. announced the completion of a $2.7 million expansion at its powder coatings plant in Sumaré, Brazil, which will increase production capacity by 40%. The company will also showcase its patent-pending coating solutions at the FABTECH 2023 event in Chicago from September 11-14, 2023.

Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:


Market by, Type:
• A-Glass
• Ar-Glass
• C-Glass
• E-Glass
• R-Glass
• S-Glass
• Other Types

Market by, Resin Type:
• Epoxy
• Polyester
• Vinyl Ester
• Other Resin Types

Market by, End Users:
• Commercial
• Industrial
• Municipal
• Residential

Market by, Application:
• Agriculture
• Chemical Storage
• Composite
• Insulation
• Oil & Gas
• Water & Wastewater
• Other Applications

Market by, Geography:
The fiberglass tanksmarket report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

The report offers insights into the following aspects:
• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.

ページTOPに戻る

Table of Contents

1 Market Introduction
1.1 Market Definition
1.2 Research Scope and Segmentation
1.3 Stakeholders
1.4 List of Abbreviations

2 Executive Summary

3 Research Methodology
3.1 Identification of Data
3.2 Data Analysis
3.3 Verification
3.4 Data Sources
3.5 Assumptions

4 Market Dynamics
4.1 Market Drivers
4.2 Market Restraints
4.3 Market Opportunities
4.4 Market Challenges

5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market

6 Global Fiberglass Tanks Market by, Type
6.1 Overview
6.2 A-Glass
6.3 Ar-Glass
6.4 C-Glass
6.5 E-Glass
6.6 R-Glass
6.7 S-Glass
6.8 Other Types

7 Global Fiberglass Tanks Market by, Resin Type
7.1 Overview
7.2 Epoxy
7.3 Polyester
7.4 Vinyl Ester
7.5 Other Resin Types

8 Global Fiberglass Tanks Market by, End Users
8.1 Overview
8.2 Commercial
8.3 Industrial
8.4 Municipal
8.5 Residential

9 Global Fiberglass Tanks Market by, Application
9.1 Overview
9.2 Agriculture
9.3 Chemical Storage
9.4 Composite
9.5 Insulation
9.6 Oil & Gas
9.7 Water & Wastewater
9.8 Other Applications

10 Global Fiberglass Tanks Market by, Geography
10.1 Overview
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 UK
10.3.4 Italy
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 South Korea
10.4.5 Australia
10.4.6 New Zealand
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 UAE
10.6.2 Saudi Arabia
10.6.3 Qatar
10.6.4 Iran
10.6.5 South Africa
10.6.6 Rest of Middle East & Africa

11 Key Developments

12 Company Profiling
12.1 ZCL Composites
12.1.1 Business Overview
12.1.2 Product/Service Offering
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Activities
12.2 Enduro Composites
12.3 Composite Technology Development, Inc.
12.4 LF Manufacturing
12.5 PPG Industries, Inc.
12.6 Amiblu Holding GmbH
12.7 EPP Composites
12.8 Granby Industries
12.9 Xerxes Corporation
12.10 National Oilwell Varco
12.11 Hengrun Group Co., Ltd